Many investors add value to the property, refinance at the higher property value, and roll the additional proceeds into the next deal.

It will not insure they will pay rent and you will likely be forced to evict rather than non renew a M2M lease.Keep in mind a term lease has no bearing on when tenants decide to move.

It is 1550 sqft, the mortgage is 810, taxes 330, insurance 55, no PMI.

Had he simply paid me the 95K he owed me my company and my insurance would have taken good care of him.

What about property insurance?

After all costs (tax, assoc dues, insurance) we have a positive cash flow of $940.00/mnth. 

However, you must have a relationship with that Non-profit.Flipping Property: Have a friend or a person in line firsts that is looking to buy investment property.This could be your insurance agent, the neighbor up the street that own investment property.

The properties I am looking at will cash flow a teeny bit, enough to cover mortgage, interest, insurance, and 20-30% for repairs and vacancy.

I asked myself that as I proceeded to iterate and categorize my knowledge into the "what I have a decent understanding of" pile and the "yeah bud...you need to learn more about me" batch.As soon as I started this culling process, Thee Answer slapped me right in the face!

The inability to turn over a unit if cleaner is not available on one dayThe insurance/liability aspect (all insurance companies asking if I will be doing STRs) When electronic deadbolts dying before guests show up etcReplacing damaged furniture during turnover (who do you compensate to handle that?)